If a crypto (or other digital) currency has reversible transactions ("Undo this transaction and all the after effects"), that would be cool. So if I spent that 10K on a new Mac, after the Undo I'd have the Mac and a huge unpaid bill from the Apple Store...
Hard for me to not be a pessimist when thinking about the future because it always leads me to believe there will be a social point system like that episode on TV series Black Mirror.
> A high-profile Chinese businessman is on the brink of becoming a social outcast and being banned from his lavish spending habits by the courts if he doesn't pay back $21.5 million debt, even though he is the son a well-known real estate tycoon.
> Wang Sicong, the son of the billionaire owner of AMC Theaters, Wang Jianlin, was last week listed in the national database of the Supreme Court of China of debtors and defaulters with outstanding debt. A failure to pay within the given time will see him join the ranks of “discredited” people.
https://www.nbcnews.com/news/world/billionaire-s-son-latest-...
Because asking people to be nice won't scale as well as getting a bank to behave.
On the up side, I the end it all worked out. Had this been some internet account screw up recourse would have been harder.
2. I think the primary issue is down to cuts to the judicial system. Courts are overburdened with cases and a change in the law would do nothing to address the root cause of why it took two years.
"That money was such a godsend for me and my family. I didn't want to touch it at first, but my son lost 5000 pounds betting on horses, and the bookies were threatening to break his legs. My daughter was failing her classes while working two jobs, with the money she could stop working and focus on her studies. She's always dreamed of becoming a reporter", etc.
Jane received this money through no fault of her own, and now that she's had to give it back, her life has been thrown into turmoil once more. And that's not all, she is now facing prison for a non-violent crime she had no idea she was committing.
Etc. etc., the article basically writes itself.